EconomyLens.com
No Result
View All Result
Wednesday, August 20, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Biden announces $1 bn for Africa during maiden trip

Thomas Barnes by Thomas Barnes
December 3, 2024
in Economy
Reading Time: 8 mins read
A A
0
121
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

. ©AFP

Luanda (AFP) – President Joe Biden on Tuesday announced more than $1 billion in humanitarian assistance to Africa during a visit to Angola, where the United States is showcasing a major infrastructure project aimed at countering China’s investments on the continent. Biden, the first US president to visit the former Portuguese colony, met with his Angolan counterpart Joao Lourenco earlier in the day and was scheduled to visit the port of Lobito on Wednesday for an infrastructure summit.

Related

PlayStation prices rise as US tariffs bite

Trump raises pressure on central bank, calls for Fed governor to resign

French champagne harvest begins with ‘promising’ outlook

US agrees to talks with Brazilian WTO delegates on tariffs

Singapore key exports slip in July as US shipments tumble 42.7 pct

Speaking at the National Slavery Museum on the outskirts of the capital Luanda, Biden — who hands over to Donald Trump on January 20 — said the United States was “all in on Africa” and pledged financial support. “I’m announcing over $1 billion of new humanitarian support for Africans displaced from homes by historic droughts,” Biden said. The assistance will “address food insecurity and other urgent needs of refugees, internally displaced persons, and affected communities in 31 African countries,” according to a statement from the US Agency for International Development. Southern Africa is currently facing the worst drought ever recorded across the region.

Biden also spoke about slavery being “our nation’s original sin, one that haunted America,” as he was delivering remarks outside the museum that exhibits items used in the transatlantic trade of slaves from Africa to the Americas, which spanned three centuries. Angola was by the 19th century the largest source of slaves for the Americas, according to the Office of the Historian, a US State Department-affiliated website.

As he left the stage, Biden told reporters he was “just getting briefed” on South Korea, where the president has declared martial law.

– Future runs ‘through Africa’ –

The trip, Biden’s first to Sub-Saharan Africa since taking office, signaled a “turning point” in the bilateral relationship with Angola, the Angolan president said. The 70-year-old leader elected in 2017 said he wanted to increase economic and security cooperation with the United States. Biden, whose administration has invested in a massive railway project aimed at transporting critical minerals from inland countries to Angola’s Atlantic port of Lobito for export, said, “the future runs through Angola, through Africa.”

The two presidents also discussed Russia and concerns that weapons may “end up” in Africa, according to a senior administration official. The 82-year-old did not respond to reporters’ questions about his pardon announced Sunday of his son Hunter, convicted in criminal cases related to tax evasion and the purchase of a firearm.

On Wednesday, he is to travel to Lobito, about 500 kilometers (310 miles) south of Luanda, for a summit on infrastructure investment also attended by leaders from Angola, the Democratic Republic of Congo (DRC), Tanzania, and Zambia. The port is at the heart of the Lobito Corridor project that has received loans from the United States, the European Union, and others to rehabilitate a railway connecting mineral-rich DRC and Zambia with Lobito.

It is “a real game changer for US engagement in Africa,” said Kirby. “It’s our fervent hope that as the new team comes in and takes a look at this… that they see how it will help drive a more secure, more prosperous, more economically stable continent.”

– Chinese ‘alternative’ –

The Lobito project is a piece in the geopolitical battle between the United States and its allies, and China, which owns mines in the DRC and Zambia among an array of investments in the region. A senior US official said ahead of Biden’s trip that African governments are seeking an alternative to Chinese investment, especially when it results in “living under crushing debt for generations to come.”

Angola owes China $17 billion, about 40 percent of the nation’s total debt. Human rights organizations have urged Biden to raise Angola’s rights record during his trip. Amnesty International said last month that Angolan police had killed at least 17 protesters between November 2020 and June 2023. It asked Biden to demand that Angola release “five government critics arbitrarily detained for more than a year.”

“Biden should stand with the Angolan people and seek a public commitment by Angola’s president to investigate rights violations by the security forces and appropriately hold those responsible to account,” Human Rights Watch said.

© 2024 AFP

Tags: Africahumanitarian assistanceinfrastructure
Share48Tweet30Share8Pin11Send
Previous Post

Retailers point to solid US sales over holiday weekend

Next Post

Bolivian ex-president, who fled to US, sentenced to six years prison

Thomas Barnes

Thomas Barnes

Related Posts

Economy

Panama hopes to secure return of US banana giant Chiquita

August 18, 2025
Economy

‘Things will improve’: Bolivians look forward to right’s return

August 20, 2025
Economy

Air Canada flight attendants vow to defy back-to-work order as strike talks resume

August 19, 2025
Economy

Vietnamese rice grower helps tackle Cuba’s food shortage

August 18, 2025
Economy

Air Canada flights grounded as government intervenes in strike

August 18, 2025
Economy

Singapore key exports slip in July as US shipments tumble 42.7 pct

August 18, 2025
Next Post

Bolivian ex-president, who fled to US, sentenced to six years prison

Amazon launches AI models to challenge rivals

Partner of ex-Abercrombie & Fitch CEO pleads not guilty to sex trafficking

Global stocks end mostly up with DAX crossing 20,000 for 1st time

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Trump raises pressure on central bank, calls for Fed governor to resign

August 20, 2025

Google packs new Pixel phones with AI

August 20, 2025

Stock markets diverge awaiting Fed signals as tech sell-off deepens

August 20, 2025

French champagne harvest begins with ‘promising’ outlook

August 20, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.